Stock On Watch: Could General Dynamics Corporation Lose its Strength? The Stock Reaches All-Time High

November 10, 2016November 10, 2016Ruchi Gupta

The stock of General Dynamics Corporation (NYSE:GD) reached all time high today, Nov, 10 and still has $252.81 target or 52.00% above today’s $166.32 share price. This indicates more upside for the $53.38B company. This technical setup was reported by Barchart.com. If the $252.81 PT is reached, the company will be worth $27.76 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 752,757 shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 21.95% since April 8, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Out of 12 analysts covering General Dynamics Corporation (NYSE:GD), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Hold” on Monday, August 31. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 29 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. The stock of General Dynamics Corporation (NYSE:GD) has “Market Perform” rating given on Wednesday, February 24 by Bernstein. Deutsche Bank downgraded General Dynamics Corporation (NYSE:GD) rating on Thursday, March 24. Deutsche Bank has “Hold” rating and $152 price target. The stock has “Buy” rating given by Zacks on Tuesday, August 25. Wolfe Research maintained General Dynamics Corporation (NYSE:GD) on Thursday, October 29 with “Outperform” rating. The stock of General Dynamics Corporation (NYSE:GD) earned “Overweight” rating by Barclays Capital on Monday, May 2. The company was maintained on Monday, May 2 by Goldman Sachs.

According to Zacks Investment Research, “General Dynamics Corp.’s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company’s businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers.”

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.13, from 0.89 in 2016Q1. The ratio improved, as 45 funds sold all General Dynamics Corporation shares owned while 305 reduced positions. 91 funds bought stakes while 267 increased positions. They now own 265.50 million shares or 2.74% less from 272.98 million shares in 2016Q1.
Cipher Cap L P holds 0.17% or 17,370 shares in its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.07% of its portfolio in General Dynamics Corporation (NYSE:GD) for 37,000 shares. Norinchukin Natl Bank The has invested 0.14% of its portfolio in General Dynamics Corporation (NYSE:GD). Exchange Cap Inc has 0.02% invested in the company for 400 shares. Moreover, Fincl Bank Of New York Mellon has 0.09% invested in General Dynamics Corporation (NYSE:GD) for 2.22M shares. Mai Management holds 0.07% or 6,760 shares in its portfolio. Royal London Asset Mngmt Limited, a United Kingdom-based fund reported 67,817 shares. Analytic Investors Ltd Company has 0.07% invested in the company for 43,645 shares. Moreover, Victory Cap Management has 0.01% invested in General Dynamics Corporation (NYSE:GD) for 11,767 shares. The Montana-based Davidson Investment Advsr has invested 0.08% in General Dynamics Corporation (NYSE:GD). Moreover, Oakbrook Investments Ltd Company has 0.28% invested in General Dynamics Corporation (NYSE:GD) for 36,625 shares. Moreover, Qs Limited Liability has 0.17% invested in General Dynamics Corporation (NYSE:GD) for 140,725 shares. Marietta Inv Prtn Limited Company has 0.1% invested in the company for 1,920 shares. Westwood Holdings Grp Inc holds 1.27% of its portfolio in General Dynamics Corporation (NYSE:GD) for 1.03M shares. Monetta Financial has invested 0.53% of its portfolio in General Dynamics Corporation (NYSE:GD).

Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 7 sales for $62.05 million net activity. The insider CASEY JOHN PATRICK sold 57,490 shares worth $8.45 million. $4.98M worth of shares were sold by Johnson S. Daniel on Wednesday, August 3. The insider Kuryea Kimberly A sold 4,117 shares worth $636,307. 149,910 shares with value of $22.85M were sold by HELM ROBERT W on Wednesday, September 7. Roualet Mark C. sold $6.17 million worth of stock. 39,000 shares were sold by Gallopoulos Gregory S, worth $5.72M on Friday, July 29.

Another recent and important General Dynamics Corporation (NYSE:GD) news was published by Seekingalpha.com which published an article titled: “Capability Driven Investment Delivering Multi-Decade Returns” on November 07, 2016.

GD Company Profile

General Dynamics Corporation, incorporated on February 21, 1952, is an aerospace and defense firm that offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding. The Firm operates through four business groups: Aerospace, which produces Gulfstream aircraft; provides aircraft services, and performs aircraft completions for other original equipment manufacturers (OEMs); Combat Systems, which design and manufacture combat vehicles, weapons systems and munitions; Information Systems and Technology, which provides C4ISR solutions and IT services, and Marine Systems, which design, construct and repair surface ships and submarines.